Live-Work Triplex with Roof
For Sale
$1,000,000
1747 Tilghman Street, Philadelphia, PA 19122
Newer construction triplex offering a live/work commercial unit plus two residential apartments, each with private roof decks.
Property Size4,160 SF
Price / SF$240.38
Days on Market153
Property Features for 1747 Tilghman Street
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
2
Building Details
Year Built
2019
Listing Agency:
KW Empower
Listed By:
Christopher K Somers · License #RS278328
(215) 253-6818
Source:
Deepcreeklake
Added: Apr 5
Changed: Sep 2
Last Checked: Sep 1 at 8:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
A newer construction live/work triplex featuring Unit 1 as a commercial space currently configured as a live/work artist studio apartment. Unit 1 includes two full bathrooms, washer and dryer, a deck, a basement, and parking. Units 2 and 3 are residential apartments, each with two bedrooms and two bathrooms, with Unit 2 also offering laundry, a wet bar, and a deck.
The property is located in South Kensington and described as being in an area experiencing rapid development and growth. It is also noted as being close to the Berks El Stop, as well as coffee shops and popular restaurants and bars.
An additional consideration is the stated tax abatement through January 2030, which may support cash flow for an investor or an owner-occupant.
The property is located in South Kensington and described as being in an area experiencing rapid development and growth. It is also noted as being close to the Berks El Stop, as well as coffee shops and popular restaurants and bars.
An additional consideration is the stated tax abatement through January 2030, which may support cash flow for an investor or an owner-occupant.
Key Highlights
- 2019‑built triplex with a live/work commercial unit plus two residential apartments
- Unit 1 (commercial live/work) includes 2 full baths, washer/dryer, deck, basement, and parking
- Unit 2 is a 2 bed/2 bath with a private roof deck, laundry, huge deck, wet bar, and a bedroom suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,800
$1.4M
Cap Rate 7%
$1,014,143
$1.0M
Cap Rate 9%
$788,778
$788.8K
Market Conditions
NOI Build-Up for 4,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$107.3K $25.80/SF
− Vacancy
−$5.9K −$1.42/SF
EGI
$101.4K $24.38/SF
− OpEx
−$30.4K −$7.31/SF
NOI
$71.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,800
Cap Rate 7%
$1,014,143
Cap Rate 9%
$788,778
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.4K – $1.18M
NOI $70,990 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$934.8K
$817.9K – $1.09M
NOI $65,435 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newer construction triplex offering a live/work commercial unit plus two residential apartments, each with private roof decks.
Where is this triplex located?
The property is located at 1747 Tilghman Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 2019‑built triplex with a live/work commercial unit plus two residential apartments; Unit 1 (commercial live/work) includes 2 full baths, washer/dryer, deck, basement, and parking; Unit 2 is a 2 bed/2 bath with a private roof deck, laundry, huge deck, wet bar, and a bedroom suite
